Lloyds Banking Group and Revolut have been flagged despite having no published crypto transfer restrictions, while customer complaints have been filed. Nick Jones, founder and CEO of Zumo, warns that banking restrictions are a common problem for UK crypto founders and could undermine the country’s ambitions to become a global crypto hub. The mandatory FCA regulatory regime planned for October 2027 may prove insufficient to address this issue, as access to business bank accounts falls outside this framework. Without coordinated action, companies could obtain full FCA authorization yet remain unable to open a UK business bank account.
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